24th November 2021 Morning Report

Wednesday 24th November 2021

U.S. stock markets were mixed on Tuesday after a mixed bag of earnings. The Dow Jones Industrial Average was up +0.46%, while S&P 500 and Nasdaq Composite fell 0.03% and -0.93%, respectively, extending losses from the prior session. Zoom tumbled after slowing sales, denting the markets initial rises. The Nasdaq lagged its Wall Street peers on Tuesday as rising Treasury yields dragged down technology stocks, while rises in banks and energy helped contain losses in the S&P 500 and the Dow Jones.

Other key markets closed also mixed with the FTSEUP0.15%, while the DAX30 and the CAC ended lower -1.11% and -0.85% respectively. The Nikkei 225 and the Shanghai Composite were up 0.09% and 0.2% lower, while the Hang Seng fell 1.2%.

The US government confirmed it will release 50 million barrels of oil from the Strategic Petroleum Reserve. The West Texas Intermediate reversed initial losses after energy experts said the tapping of the strategic petroleum reserves is not enough to move the needle lower on oil prices, Crude was at $78.64 per barrel, up 2.46%.

The US 10 - year note was up at 1.667% while the 2 Year treasury yield was at 0.608%. The Gold price was at US$1789.70 per ounce. 0.9% down.

Morning Report 24 November 2021

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